E-Commerce seems to be the buzzword of the present in the UAE, as companies transfer their operations online and individuals set up new businesses to market products online as a direct effect of Covid-19. In March 2020, the Khaleej Times published that the UAE’s e-commerce sector is expected to be worth almost AED 100 billion in 2022. This was even before the Covid-19 pandemic reached the globe, turning people into online shopping and bringing companies to scale up their e-commerce services and deliveries.
How to Set Up an Online E-Commerce Business in the UAE?
As we continue to adjust to a new way of living during the Corona Virus outbreak, working from home and handling everyday life by opening an app has never been more popular. If we perform online shopping on a regular basis or buy personal goods and services, we are all transitioning to a lifestyle that requires the need for e-commerce sites.
At a stage, when many physical businesses are struggling from closures and are unstable, we are entering a new age in which online industries such as e-commerce, internet services and e-logistics are witnessing rising demand. So, if you’re preparing to start an e-commerce company and offer goods and services digitally, you may be wondering how and what is the best way to get a UAE license that will enable you to sell products and services digitally. Read more on how to get an e-commerce license in the UAE.
Why E-Commerce is a Ripe Market in the UAE?
So, what’s the explanation behind the UAE’s unexpected upturn in eCommerce? Experts cite a number of factors operating together to increase online sales. These factors are:
- The UAE has a high internet audience size, which inevitably lends itself to e-commerce success. Moreover, the UAE already has one of the highest rising pools of smartphone users, not to mention it ranks in the top five countries for the amount of time spending online, with a regular total of 7 hours and 54 minutes.
- The predisposition of the UAE for online activities is no accident—the UAE government strongly promotes it. In UAE Vision 2021, digital trade was described as a top government priority (along with cashless transactions) and there are a number of policies including a pay protection system to back it up.
- The UAE has long been an important geographic region for trading, and its cultural history applies to contemporary e-commerce distribution. Not only does the country have top-notch facilities and low transportation prices, but it is also host to the Port of Jebel Ali, the major transcontinental shipping centre, and Dubai International Airport, the sixth busiest freight airport in the world.
